Mutual Fund SIP Stoppage Ratio Hits 116.7% in October 2026; New Registrations Fall 19.9%

Systematic investment plans (SIPs) recorded 59.12 lakh discontinuations or tenure completions in October 2026, against 50.68 lakh new registrations, according to news reports citing data released by the Association of Mutual Funds in India (AMFI).  

As a result, the SIP stoppage ratio rose to 116.7% from 78.6% in September 2026. 

October Sees Shift in SIP Numbers 

The September figures stood at 49.68 lakh discontinued or completed SIPs and 63.26 lakh new registrations. The October data shows a change in both numbers, with fresh registrations falling and the number of SIPs leaving the active category increasing. 

New SIP registrations declined by around 19.9% month-on-month, while discontinued or completed SIPs increased by approximately 19%. This took the stoppage ratio above 100%, meaning more SIPs were discontinued or completed than newly registered during the month. 

What the SIP Stoppage Ratio Means? 

The ratio is calculated by dividing the number of SIPs discontinued or completing their tenure by the number of new SIP registrations in a particular month. 

The figure needs to be read alongside AMFI's definition of a discontinued SIP. The count includes plans that have completed their scheduled tenure and does not represent only investors who have stopped their investments before maturity. 

AMFI considers an SIP discontinued after three consecutive failed instalments for daily, weekly, fortnightly and monthly plans. For other frequencies, two consecutive failed instalments are counted. 

SIP Contributions Fall 

Monthly SIP contributions declined to ₹32,160 crore in October from ₹32,490 crore in September, a fall of around 1%. September had recorded the highest monthly SIP contribution. October's collection, however, was 8.9% higher than the ₹29,529 crore recorded in October 2025. 

The number of contributing SIP accounts fell from 10.06 crore to 9.99 crore during the month. SIP assets under management (AUM) also declined to ₹17.68 lakh crore from ₹17.86 lakh crore. They accounted for 21.2% of the mutual fund industry's total AUM. 

Mutual Fund Industry AUM Rises 

The industry's net AUM increased to ₹83.39 lakh crore in October from ₹82.64 lakh crore in September. The total number of folios rose by 15.80 lakh to 28.78 crore. 

Equity mutual funds received net inflows of ₹32,994 crore during October, recording their 68th consecutive month of net inflows, AMFI data showed. 

Read More: Global Gold Prices Drop 6.87% in October 2026, Indian Gold ETFs Deliver Up to 7.54% YTD Returns! 

Conclusion 

The SIP stoppage ratio crossed 100% in October as discontinued or completed SIPs exceeded new registrations. Monthly contributions remained above ₹32,000 crore during the month.  

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